Monday, October 3, 2011

BAC Breaks the $6 Barrier

The beleaguered Bank of America broke the $6 barrier today as the S&P 500 sits at the all important 1120 level.  BAC is now back to levels it last hit in April 09.  It has about $20 in book value and $12 in tangible book.  In theory, if the whole company were liquidated the stock would double.

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